Millennium Management LLC Has $28.57 Million Holdings in Edgewell Personal Care Company $EPC

Key Points

• Millennium Management LLC increased its stake in Edgewell Personal Care Company by 106.4%, now owning approximately 1.95% of the company, valued at $28.57 million.
• Edgewell reported a quarterly EPS of $0.92, below analysts' expectations of $1.01, with revenues of $627.20 million, a decline of 3.2% over the previous year.
• The company recently declared a quarterly dividend of $0.15 per share, providing an annualized dividend yield of 2.7%.

Millennium Management LLC lifted its holdings in Edgewell Personal Care Company (NYSE:EPC - Free Report) by 106.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 915,281 shares of the company's stock after purchasing an additional 471,774 shares during the quarter. Millennium Management LLC owned 1.95% of Edgewell Personal Care worth $28,566,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in Edgewell Personal Care by 238.5% during the first quarter. PNC Financial Services Group Inc. now owns 975 shares of the company's stock worth $30,000 after acquiring an additional 687 shares in the last quarter. Blue Trust Inc. raised its position in Edgewell Personal Care by 35.3% during the first quarter. Blue Trust Inc. now owns 3,100 shares of the company's stock worth $97,000 after acquiring an additional 809 shares in the last quarter. TD Private Client Wealth LLC raised its position in Edgewell Personal Care by 24.1% during the first quarter. TD Private Client Wealth LLC now owns 3,533 shares of the company's stock worth $110,000 after acquiring an additional 686 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Edgewell Personal Care during the first quarter worth $202,000. Finally, New Age Alpha Advisors LLC bought a new stake in Edgewell Personal Care during the first quarter worth $219,000. 91.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EPC shares. Zacks Research lowered shares of Edgewell Personal Care from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Morgan Stanley upgraded shares of Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and decreased their price objective for the company from $26.00 to $23.00 in a report on Wednesday, August 6th. Barclays decreased their price objective on shares of Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. UBS Group decreased their price objective on shares of Edgewell Personal Care from $28.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Finally, Canaccord Genuity Group decreased their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $29.29.

Edgewell Personal Care Price Performance

Shares of EPC stock traded up $0.17 on Wednesday, reaching $21.44. The company had a trading volume of 71,206 shares, compared to its average volume of 667,604. The stock has a market capitalization of $996.15 million, a PE ratio of 15.89 and a beta of 0.85. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 0.88. Edgewell Personal Care Company has a one year low of $19.13 and a one year high of $38.44. The business's 50-day moving average is $24.04 and its 200 day moving average is $26.73.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.09). The company had revenue of $627.20 million during the quarter, compared to the consensus estimate of $658.51 million. Edgewell Personal Care had a return on equity of 8.06% and a net margin of 2.94%.The firm's revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company posted $1.22 EPS. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. Equities research analysts forecast that Edgewell Personal Care Company will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Thursday, September 4th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, September 4th. Edgewell Personal Care's dividend payout ratio (DPR) is 44.44%.

Edgewell Personal Care Profile

Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.